Treasury Department

The Treasury’s latest tax collection may preview how the shrinking of the Federal Reserve’s $9 trillion balance sheet, or quantitative tightening, will unfold for the markets and global liquidity.

Arizona governor Doug Ducey has standing to sue the U.S. Treasury, his office told a federal court, after the federal agency moved to dismiss a suit brought after it warned that federal pandemic funds shouldn’t be used to undermine federal mask and school mandates.

By dampening corporate interest in tax incentives, the new global minimum tax would hurt low-income housing and drive up issuer borrowing costs, a group of 29 organizations said in the letter to Yellen.

Next month’s Easter holiday in the U.S. is poised to create cash-flow headaches for the Federal Reserve and investors in Treasury debt.

Unprecedented federal funding and community engagement on multiple levels are the keys to achieving digital equity and inclusion.

The Department of the Treasury’s warning letter to Arizona may be a warning to all states who defy the Biden Administration’s rules related to ARPA funding, but disclosure related to clawbacks could be a problem for muni issuers.

Treasury’s final ruling issued last week provides tribes with $10 million in revenue loss allowance and a broader list of capital expenditures.

Treasury’s final rule on the State and Local Coronavirus Fiscal Recovery Fund allows counties to use up to $10 million for general public services and expands the list of eligible water, sewer, and broadband infrastructure projects.

The $2.5 trillion increase is expected to get the U.S. through 2023.

Most states with remaining balances totaling $39.3 billion want more time to enact a plan to repay the loans taken out to manage pandemic-driven job claims. Interest began accruing in September.